Cost Accountants

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The Institute of Cost Accountants of India,ICWAI PATNA
Khawza Market

LEKHA JOKHA
AT CHOWK SABJEE BAZAR NEAR SBI ATM PATNA CITY

My Tax Ledger

Kumar Anmol & CO
Exhibition Road

The end of colonialism meant that many nations gained their independence, and this process increased rapidly.

ICWAI professionals would ethically drive enterprises globally by creating value to stakeholders in the socio-economic context through competencies drawn from the integration of strategy, management and accounting. History of the Profession
It was during the early years of World War II, that the concept of cost as an independent entity made its beginning in the industrial circles of the world. Due

to the prohibitive cost of defense operations, the then governments at war found it difficult to ascertain the price of defence purchases and thus evolved the concept of cost + contracts. This forced the contractors to submit the cost of the work to be undertaken by them, in order to be awarded the contract.
1945 brought the end of the war, and the nations ravaged by the effects of war began large-scale reconstruction of their economies through industrialisation. The late forties and fifties can really be termed the golden era of industrialisation. The importance of cost accounting as being central to the formation of government policies provided the foundation of the rapid growth of the profession. What began as a mere exercise in estimating the cost later developed into a movement for efficiency and optimum utilisation of scarce resources. The Institute of Cost Accountants of India (erstwhile The Institute of Cost and Works Accountants of India) was first established in 1944 as a registered company under the Companies Act with the objects of promoting, regulating and developing the profession of Cost Accountancy. On 28th May, 1959, the Institute was established by a special act of Parliament, namely, the Cost and Works Accountants Act, 1959 as a statutory professional body for the regulation of the profession of cost and management accountancy. It has since been continuously contributing to the growth of the industrial and economic climate of the country. The Institute of Cost and Works Accountants of India is the only recognised statutory professional organisation and licensing body in India specialising exclusively in Cost and Management Accountancy. A Cost Accountant is a person who offers to perform or perform services involving the costing or pricing of goods and services or the preparation, verification or certification of cost accounting and related statements. The head office is situated at 12, Sudder Street, Kolkata 700 016 and operates through four regional councils are Kolkata, Chennai, Delhi and Mumbai as well as through a number of important chapters situated elsewhere in India and abroad.

15/05/2023

Admission is going on for December 2023 term Foundation, Intermediate and Final. Last Date 31 July 2023. Hand to hand study material will be provided. online oral admission in patna saheb chapter and send registeration slip to [email protected] along with full address study material dispatch immediately to address or collect personaly at chapter.
CMA 1st Floor, Opp Arrah Machine, Chowkshikarpur, Guru Govind Singh link Path, Patna-800008
Call on 7004912305

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Telephone

+917004912305

Website

http://icmaipatna.in/

Address

1st Floor, Khwaza Market, Ashok Rajpath, Opposit State Bank Mahendru Branch
Patna
800006

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